| Balance Sheet for Dundee Precious Metals Inc. (DPM:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Cash and Equivalents | 49,175 | 31,993 | 77,541 | | Marketable Securities | - | - | - | | Receivables | 28,638 | 37,210 | 11,316 | | Inventories | 32,396 | 17,097 | 12,051 | | Other Current Assets | - | - | - | | Total Current Assets | 120,845 | 86,300 | 104,451 | | | Gross Fixed Assets | 390,349 | 274,399 | 147,547 | | Accumulated Depreciation | (35,800) | (22,437) | (13,306) | | Net Fixed Assets | 354,549 | 251,962 | 134,241 | | Intangibles | - | - | - | | Other Non-Current Assets | 57,802 | 111,576 | 92,955 | | Total Non-Current Assets | 417,623 | 368,554 | 233,458 | | Total Assets | 538,468 | 454,854 | 337,909 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | | | Accounts Payable | 24,114 | 35,129 | 13,320 | | Short Term Debt | 3,604 | - | 448 | | Other Current Liabilities | - | 21 | - | | Total Current Liabilities | 27,718 | 45,621 | 13,768 | | | Long Term Debt | 6,114 | 12,672 | 11,630 | | Deferred Income Tax | 16,380 | 11,647 | 6,572 | | Other Non-Current Liabilities | 16,876 | 17,601 | 13,758 | | Minority Interest | - | - | - | | Total Non-Current Liabilities | 39,370 | 41,920 | 31,960 | | Total Liabilities | 67,088 | 87,541 | 45,728 | | | Preferred Stock Equity | - | - | - | | Common Stock Equity | 471,380 | 367,313 | 292,181 | | Total Equity | 471,380 | 367,313 | 292,181 | | Total Liabilities & Stock Equity | 538,468 | 454,854 | 337,909 | | | |